IMID.L vs. IWDA.L
Compare and contrast key facts about SPDR MSCI ACWI IMI (IMID.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L).
IMID.L and IWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMID.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on May 13, 2011. IWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Sep 25, 2009. Both IMID.L and IWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMID.L or IWDA.L.
Performance
IMID.L vs. IWDA.L - Performance Comparison
Returns By Period
In the year-to-date period, IMID.L achieves a 16.61% return, which is significantly lower than IWDA.L's 18.98% return. Over the past 10 years, IMID.L has underperformed IWDA.L with an annualized return of 8.97%, while IWDA.L has yielded a comparatively higher 9.90% annualized return.
IMID.L
16.61%
-1.02%
6.54%
24.81%
10.77%
8.97%
IWDA.L
18.98%
-0.47%
7.66%
27.05%
12.16%
9.90%
Key characteristics
| IMID.L | IWDA.L | |
|---|---|---|
| Sharpe Ratio | 2.12 | 2.33 |
| Sortino Ratio | 3.01 | 3.26 |
| Omega Ratio | 1.39 | 1.43 |
| Calmar Ratio | 3.13 | 3.48 |
| Martin Ratio | 13.56 | 15.00 |
| Ulcer Index | 1.77% | 1.75% |
| Daily Std Dev | 11.30% | 11.25% |
| Max Drawdown | -39.56% | -34.11% |
| Current Drawdown | -1.92% | -1.81% |
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IMID.L vs. IWDA.L - Expense Ratio Comparison
IMID.L has a 0.40% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Correlation
The correlation between IMID.L and IWDA.L is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IMID.L vs. IWDA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI (IMID.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
IMID.L vs. IWDA.L - Dividend Comparison
Neither IMID.L nor IWDA.L has paid dividends to shareholders.
Drawdowns
IMID.L vs. IWDA.L - Drawdown Comparison
The maximum IMID.L drawdown since its inception was -39.56%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IMID.L and IWDA.L. For additional features, visit the drawdowns tool.
Volatility
IMID.L vs. IWDA.L - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI (IMID.L) is 3.33%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.59%. This indicates that IMID.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.